Santacruz Silver Mining Ltd V.SCZ

Financials out

[Bakunin6]

Enjoy

[Bakunin6]

To summarize...increased tonnage, higher grades, lower costs, better prices.

[wanderer9641]

Looking at some of the metal prices used to plan with - $17.85 for silver?  Q3 is going to rip and be very profitable.

[Bakunin6]

Santacruz Silver (SCZ) has more than doubled its latest qaurterly production, despite COVID-19 related shutdowns at some of its operations. The company posted a production total of 709,765 silver equivalent ounces for the quarter, a 105 per cent increase on its second quarter of last year. The company currently operates three silver mines, the Zimapan Mine, the Rosario Mine and the Veta Grande

[cyanide5]

If SP falls to mid 20's I'll add what I sold at the same price a few weeks back. I think silver set up is extremely bullish.  if not I'll have to find another silver stock. I already own a few and most have done well. But I would rather add another one rather than same and have a concentration position 

[mferguson71]

What other ones do you like Cyanide? I have been looking at silver explorations and recently new producers. TSN is one, EXN (just sold that one though) SDR, ELEF and SKP are ones I am currently in. That's why I was looking at CSZ. Should show some good profits on Q3 if production can remain consistent. Small Market cap as well.  Doing some DD now. 

[monsieurminou]

Abraplata (ABRA) will disclose their drilling results( it can be huge) in the coming days, maybe tomorrow. Eric Sprott is in that one, they have a lot of cash for exploration until the end of 2020 and millions of onces in the ground. Last week they increased the financing, just before the dilvugation of the drilling results...... Who will put money without knowing what's comming, they

[cyanide5]

@mferguson71.  I own quite a few silver producers. I don't own any exploration plays just because of the very high risk. I would rather own something which has producing mines and is able to take advantage of higher prices. However, returns in exploration can be tremendous but so is the risk.  I own FVI, EDR, FR, SCZ, IPT, EXN and AUN in this space. Mostly producing except

[mferguson71]

I was fortunate to get into EXN and have it rally fairly soon. I got out at $1.08 and took profit just because it seemed to be lagging. I'm not quite sure why but decided to get out. I liked the story of SCZ and the new acquisition of Zimapan and officially am a new shareholder as of this morning. I don't think financing will be difficult. Hopefully they do some in debt as I dont mind

[cyanide5]

good timing on your part... i should have pulled trigger yesterday at 26-27 cents but with the sky falling though we might have 1-2 more days of further pull back...  i am happy with what i have but would have been happier if i was able to get my 25 cents sale shares back around same price to ride them up again to mid to high 30's...  we are already at 31.5 cents and its likely we